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#wealthinequality
Are wealthy Trump supporters blind to their political impact? In a thought-provoking article, Paul Krugman exposes the **political ignorance** among affluent backers of Trump, from hedge-fund billionaires to tech moguls. He reveals how their mistaken belief in their economic prowess leads to disastrous political choices, with dire implications for America’s democracy and economy. Discover their miscalculation and its potential consequences by reading the full article. #PoliticalIgnorance #Economy #WealthInequality [Source](https://paulkrugman.substack.com/p/political-styles-of-the-rich-and)
All the political developments of the last few years point to this. The oligarchs try to break up supra-national bodies like the #EU and #UN so they don't get a chance to create an international regulatory #tax framework to solve the avoidance & evasion that stops a proper redistribution of their wealth. Putting tax on consumers & working people through tariffs further solidifies #wealthInequality
Canada’s Inequality Driven by Billionaire Wealth
https://jacobin.com/2025/04/canada-wealth-inequality-billionaires-housing
Aggressively tax corporations/billionaires to achieve:
https://persagen.org/wpi/docs/social_democracy.pdf
#TransLivesMatter
#Poilievre #DanielleSmith #Trumpism #protofascism
#billionaires #oligarchy #capitalism #WealthInequality #plutocracy #meritocracy #poverty #affordability #corporations #CorporateGreed #WealthTax
Shared Future: Uphold Cdn Values in 2025 Federal Election
https://docs.google.com/document/d/1bmrrFxNnX6YhDsgo_44Roq-Qgdjd3UxueaGTqIAYcVw
CAVE: collaborate, advocate, vote, educate
Fresh data on Finnish wealth inequality came out. The poorest 50% of the population owns 4% of the assets, while the richest 10% owns 52% of the assets:
This post has a link to a speech by the excellent George Monbiot. He explains why we don't have to vote for the lesser of two evils of Labour or the Tories (three evils if you include Reform). The speech lasts just under 11 minutes. If you have the time to spare it is well worth a listen.
Some might think that cuts for the disabled are something which don't impact them as they are not disabled. Cuts to cold weather payments for the elderly don't matter as they are not old. Policies which cause poverty for our children don't matter as their children are not impacted or maybe they don't have kids.
We need a more caring society which is repulsed by targeting the most vulnerable while the rich live in luxury.
Who's next if we say or do nothing?
@stephenwhq @ericschutte Yes, it's easy to blame US citizen's stupidity for this. But the same development is seen in Europe as well. The real reason for this development are unleashed (neoliberal) tech companies who influence the people according to their (neoliberal and now fascist) agenda. Secondly the sheer wealth inequality which makes a tiny fraction of private citizens more powerful than countries. - They often times are not the brightest. #taxtherich #wealthinequality #elonmusk #putin
Sounds a lot like #ceopayratio problems in the USA.
How would #colleges and #businesses run without #teachers and #workers ?
South Korean government initiates legislative process to transition from estate tax to inheritance acquisition tax system, aiming to improve tax equity while facing concerns over potential wealth inequality.
#YonhapInfomax #InheritanceTax #TaxReform #LegislativeNotice #WealthInequality #TaxEquity #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54653
[Financial Times]: Deutsche Bank’s highest-paid employee in line to earn nearly twice as much as chief Friday, March 14, 2025
https://on.ft.com/3DQCHpc
#wealthinequality #deutschebank
"Deutsche does not disclose the identity of its top earner, who is not on the board, but one individual was paid as much as €18mn last year, while in 2023, the highest earner had a salary range of €14mn to €15mn. Sewing is in line to earn €9.8mn, a 12 per cent increase on 2023"
Who says crime doesn't pay!
“Fortune, he thought, follows the already fortunate.”
Terry Pratchett/Stephen Baxter;The Long Utopia
#WealthInequality #LabourStokingDivision #TargetingTheVulnerable #WealthTaxAvoidance
After mass firings, the IRS is poised to close audits of wealthy taxpayers and corporations, agents say.
The upheaval undermines the agency’s quest to tackle high-end tax cheating.
https://www.icij.org/inside-icij/2025/03/after-mass-firings-the-irs-is-poised-to-close-audits-of-wealthy-taxpayers-agents-say/ #IRS #Kleptocracy #TaxCheats #TaxAudits #Trump #Musk #DOGE #Plutocracy #WealthInequality
As many Americans tighten budgets, the top 10% of U.S. earners now account for almost 50% of all spending. And some are buying their luxury goods at Costco.
https://www.fastcompany.com/91286757/why-costco-targets-rich-with-rolexes-10-carat-diamonds-gold-bars
#Costco #Shopping #Branding #WealthInequality